I'm not a Betting Man, but...
I'm not a Betting Man, but...
I am having trouble understanding why Lewis is getting better odds than Nico for the 2016 Drivers' Championship. Lewis is getting 7/2 and Nico is getting 1/5 or 1/6. Could it be because Lewis has won previously?
-
Bobby Doorknobs
- Posts: 4066
- Joined: 30 Jul 2014, 17:52
Re: I'm not a Betting Man, but...
Dave wrote:I am having trouble understanding why Lewis is getting better odds than Nico for the 2016 Drivers' Championship. Lewis is getting 7/2 and Nico is getting 1/5 or 1/6. Could it be because Lewis has won previously?
7/2 isn't better than 1/5. 1/5 means you would only win £1 from every £5 bet. In other words, the odds are against Rosberg losing the championship.
#FreeGonzo
Re: I'm not a Betting Man, but...
Simtek wrote:Dave wrote:I am having trouble understanding why Lewis is getting better odds than Nico for the 2016 Drivers' Championship. Lewis is getting 7/2 and Nico is getting 1/5 or 1/6. Could it be because Lewis has won previously?
7/2 isn't better than 1/5. 1/5 means you would only win £1 from every £5 bet. In other words, the odds are against Rosberg losing the championship.
Well, he did say he wasn't a betting man.
My friend's USB drive spoiled, spilled tea on her laptop and had a bird poo in her hand.
What did she do in her past life to deserve this?
Signup for the Random Racing League, Season TWO!!!
What did she do in her past life to deserve this?
Signup for the Random Racing League, Season TWO!!!
Re: I'm not a Betting Man, but...
WaffleCat wrote:Simtek wrote:Dave wrote:I am having trouble understanding why Lewis is getting better odds than Nico for the 2016 Drivers' Championship. Lewis is getting 7/2 and Nico is getting 1/5 or 1/6. Could it be because Lewis has won previously?
7/2 isn't better than 1/5. 1/5 means you would only win £1 from every £5 bet. In other words, the odds are against Rosberg losing the championship.
Well, he did say he wasn't a betting man.
In his case it's defenitely better to keep away from betting. In fact, it's best for everyone to keep away from betting. Except for the avatar betting thread, of course.
I don't know what i want and i want it now!
Re: I'm not a Betting Man, but...
This wrote:In his case it's defenitely better to keep away from betting. In fact, it's best for everyone to keep away from betting. Except for the avatar betting thread, of course.
You don't know the things I've lost in the avatar betting thread, man! Speaking of which, I've probably lost again this year
Felipe Nasr - the least forgettable F1 driver!Murray Walker at the 1997 Austrian Grand Prix wrote:The other [Stewart] driver, who nobody's been paying attention to, because he's disappointing, is Jan Magnussen.
-
FullMetalJack
- Site Donor
- Posts: 6273
- Joined: 31 Mar 2009, 15:32
- Location: Some place far away. Yes, that'll do.
Re: I'm not a Betting Man, but...
This wrote:In fact, it's best for everyone to keep away from betting. Except for the avatar betting thread, of course.
I'm a betting man, but as long as you gamble responsibly, it's all good. Only bet what you can afford to lose.
I like the way Snrub thinks!
Re: I'm not a Betting Man, but...
Simtek wrote:Dave wrote:I am having trouble understanding why Lewis is getting better odds than Nico for the 2016 Drivers' Championship. Lewis is getting 7/2 and Nico is getting 1/5 or 1/6. Could it be because Lewis has won previously?
7/2 isn't better than 1/5. 1/5 means you would only win £1 from every £5 bet. In other words, the odds are against Rosberg losing the championship.
Duhhh. I should have remembered that the longer odds are always something like 10-1 or 20-1, etc. So Nico is getting flatter odds because he is the favourite, and Lewis is getting longer odds because he has a bigger job to do - bettors take a bigger risk for the bigger payoff. Thanks for the moment of clarity, and to everyone else for helping out.
The quoted odds seem to support the scenarios in my spreadsheets.
Sheesh, I don't even play the lotto.
